Do you know that Africa is the new Asia?
In year 2100, nearly half of the 11 billion people in the world will live in Africa.
Is your business or country getting ready to serve these billions and capture the market share?
A couple of years ago, quoting the UN data, several publications including The Economist, Foreign Policy, The Washington Post and more recently Politico called the Year 2100 as the African Century.
Many like me who were still looking at the billions in China and India and who were romancing the notion of the Asian Century were stunned.
Check out Wali Zahid’s PowerPoint on The World in 2050, a talk he gave at Convention Centre Islamabad at Youth Expo
This week, the United Nations Department of Economic and Social Affairs (DESA) presented population projections for years 2050 and 2100.
And it appears the African Century is upon us.
The graph above is just a visual representation of how our world will change: Africa will grow rapidly, nearly three times than the rest of us. And Europe will shrink.
Also: How big is Africa?
These projections, although uncertain in nature, are critical for policymakers everywhere including Pakistan so the countries could plan their future investments and growth avenues to meet the needs and wants of these billions of people.
Pakistan’s travel infrastructure
Mass-transit transport in urban Pakistan taking shape
Take a Metro bus from Pindi to Islamabad and pay 20¢
Multan gets its Metro bus service
Orange Line Metro Train may open to public on 25 December
e-ticketing on Green Line train from Islamabad to Karachi
Karachi to get Green Line bus service by end-2017
Karachi may have Yellow Line bus service in 2 years
It’s a 11.2-billion-world
According to DESA, the world population will grow to 11.2 billion by the end of the 21st century.
The current total, at 7.3 billion, will increase to 9.7 billion by 2050.
Half of the world’s growth by 2050 will come from just 9 countries: India, Nigeria, Pakistan, Congo, Ethiopia, Tanzania, USA, Indonesia and Uganda.
Sub-Saharan Africa is the future, below:
In seven years, i.e. in 2022, India will surpass China to become the most populous country on earth.
Have you seen CPEC & OBOR stories on this blog?
CPEC fact sheet: 2013-2017
16 CPEC projects in Balochistan, 8 in KPK: Chinese Embassy
Chinese Embassy shares progress on CPEC projects
40 CPEC projects in 4 photos & 60 seconds
CPEC gets 4-layer security as Gwadar to be weapon-free
China’s world-reshaping One Belt, One Road (OBOR)
How China beats US economy by a trillion dollar every year
Xi Jinping: most powerful Chinese leader since Mao
The rapidly-growing Africa
The biggest gain: Africa’s population of 1.2 billion is expected to rise to 5.6 billion by 2100. Which is nearly half of the people in 2100.
(While the rest of data on this page is from August 2015, the graphic about African GDP and country populations above are from 2013 edition of The Economist.)
Timeline visualised: How and when the global population will change.
The bright side of Pakistan economy
Harvard predicts Pakistan GDP to grow by 6% over 10 years
Pakistan is the world’s fastest-growing Muslim economy: The Economist
Pakistan outperforms 26 frontier and emerging markets in 2016: Bloomberg
Pakistan becomes full member of Shanghai Cooperation Organisation (SCO)
Pakistan GDP to grow by 5.5% by 2020: IMF
$10B TAPI natural gas pipeline to be operational in 2020
In a corruption-riddled world, Pakistan is better than one-third countries: TI
Pakistan petrol prices 18th lowest in the world
Pakistan at $300B is world’s 40th largest economy
Worried about Pakistan’s $73B debt? You must see this
It’s the economy, stupid
The rise of Nigeria
Economically, mainly because of demographics, Nigeria has already surpassed South Africa as the continent’s largest economy. According to Goldman Sachs, Nigeria will rise further to become the 13th largest economy in the world in 2050 (chart below).
In 2014 Frontier Markets Sentiment Index, Nigeria emerged as the top frontier market that multinational corporations are most interested in investing in.
Population-wise, currently the 7th most populous country, Nigeria is going to be world’s 3rd most populous country after India and China in 2050.
How China is viewed by Pakistan & the world
Africa: Nigeria largest economy, China largest single trading partner
The World Bank, meet your challenger: China-led AIIB
Total fertility rate falling in world; rising in Africa, Pakistan
In a few years, people may live up to 100 years
Besides Nigeria, the fastest population growth in Africa will come mainly from: Congo(today’s worst ranking on nearly all indices), Tanzania, Ethiopia (called the next Dubai?), Niger and Uganda.
Infographics, courtesy: UN, The Economist, BBC, Atlas
To download the key findings of UN DESA Report, click here.
Do not miss our Understanding Pakistan Series
Pakistan’s GDP PPP crosses $1 trillion, ranks 25th in world
What to expect in Pakistan in 2017
Back to the future: Pakistan in 2050
Wali on Pakistan of future
A miracle: Pakistan score in Long Term Orientation goes from Zero to 50
Pakistani culture through 6-D Model
Native languages in Pakistan
How future oriented are we?
How we messed up Pakistan: A series by Wali
Pakistan’s two value crimes no one talks about
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